US STOCKS-Wall St dips as oil extends selloff

martes 2 de febrero de 2016 12:35 GYT

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* Yahoo, Chipotle to report after the close

* Indexes down: Dow 1.52 pct, S&P 1.38 pct, Nasdaq 1.20 pct (Adds details, comment, updates prices)

By Tanya Agrawal

Feb 2 (Reuters) - Wall Street was sharply lower on Tuesday as falling oil prices heightened concerns regarding the health of the global economy and investors sought safer investments.

Brent oil fell more than 5 percent, while U.S. crude briefly slid below $30 per barrel, as hopes for a deal between OPEC and Russia on output cuts faded.

Shares of Exxon fell 3 percent after the oil major reported its smallest quarterly profit in more than a decade. The stock weighed the most on the S&P energy index.

"We still haven't broken the correlation between oil and equities and we are yet to find a bottom in oil prices," said Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina.   Continuación...